John Hughes’ Last Movie “Grisby’s Go Broke” Set For Release

One of the final films from late director John Hughes is reportedly set for posthumous release.

Paramount Pictures have purchased the rights to the Sixteen Candles director’s unfilmed script Grisby’s Go Broke, about a dysfunctional Chicago, Illinois family who lose all their money when the economy slumps, Slashfilm.com said Wednesday. The studio is eager to begin filming, and are looking for a writer/director to update the screenplay, sources say.

Hughes — who suffered a fatal heart attack last summer — retired in 1994, but is said to have left behind boxes of notebooks and computer files containing film ideas and screenplays.